The Election Commission has proposed to amend the Model Code of Conduct to add a proforma to Part VIII (Guidelines on Election Manifesto) of the poll code.It will require political parties to inform voters about the financial feasibility of the promises made in their manifestos and also if they are sustainable within the financial space of the state or the Union government.The proposed proforma seeks details of revenue generation ways (through additional tax, if any), rationalising expenditure (cutting some schemes, if so required), impact on committed liabilities and/or raising of further debt and its impact on Fiscal Responsibility and Budget Management Act (FRBM) limits.The model code is a document that guides the poll panel in ensuring a level playing field for all political parties and candidates during elections.
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